JJHB(SH:603279)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders was CNY 312,056,777.54, reflecting a year-on-year increase of 7.72%[17] - Operating revenue for the period was CNY 2,291,481,130.51, a decrease of 10.76% compared to the same period last year[17] - Basic earnings per share were CNY 0.78, down 1.27% from CNY 0.79 in the previous year[17] - The company reported a net loss from non-operating activities of CNY 4,293,957.61 for the year-to-date period[22] - Other income increased by 340.31% to RMB 5,547,896.04 due to government subsidies such as industry support funds and employment stabilization subsidies[27] - Total operating revenue for Q3 2020 was approximately ¥947.89 million, a slight increase from ¥915.32 million in Q3 2019, representing a growth of about 3.1%[54] - Net profit for Q3 2020 was approximately ¥146.10 million, compared to ¥113.45 million in Q3 2019, reflecting an increase of about 28.8%[58] - The total operating revenue for the first three quarters of 2020 was approximately ¥2.29 billion, down from ¥2.57 billion in the same period of 2019, a decline of about 10.4%[54] - The total profit for Q3 2020 was approximately ¥193.35 million, compared to ¥148.05 million in Q3 2019, an increase of about 30.6%[58] Cash Flow - Net cash flow from operating activities amounted to CNY 398,523,319.52, representing a significant increase of 60.28% year-on-year[17] - Net cash flow from operating activities increased to $398.87 million, up from $248.44 million, representing a growth of 60.5% year-over-year[79] - Cash flow from operating activities for the first three quarters of 2020 was CNY 398,523,319.52, significantly higher than CNY 248,643,829.12 in the same period of 2019, reflecting a growth of approximately 60.2%[74] - The company recorded a net cash inflow from investment activities of CNY 252,217,868.71 in the third quarter of 2020, compared to a net outflow of CNY 302,175,134.50 in the same period of 2019[77] - Total cash inflow from investment activities was $312.97 million, compared to $2.90 million in the previous period, indicating a significant increase[79] - Cash outflow for investment activities decreased to $60.75 million from $305.07 million, reflecting a reduction of 80%[79] - Net cash flow from financing activities was negative at -$240.30 million, compared to a positive $231.77 million in the previous period[79] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 4,953,566,089.98, an increase of 5.91% compared to the end of the previous year[17] - The company’s total liabilities decreased, with a notable reduction in accounts receivable financing by 52.33% to RMB 102,673,417.82[32] - Total liabilities increased to CNY 2,205,947,006.36 from CNY 2,004,846,281.85, representing a growth of approximately 10%[51] - Current liabilities rose to CNY 2,177,461,265.09, an increase of 10.1% from CNY 1,977,741,540.30[45] - Total assets increased to CNY 4,953,566,089.98, up from CNY 4,677,192,093.51, representing a growth of approximately 5.9% year-over-year[45] - Non-current assets totaled CNY 1,177,674,387.01, compared to CNY 1,074,223,299.91, reflecting an increase of about 9.6%[45] - The company has long-term equity investments valued at ¥100,000,000.00, suggesting ongoing investment strategies[90] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,578[23] - The largest shareholder, Jingjin Investment Co., Ltd., held 34.34% of the shares[23] - Shareholders' equity rose to CNY 2,747,619,083.62, up from CNY 2,672,345,811.66, indicating an increase of about 2.8%[51] Expenses - Research and development expenses for Q3 2020 were approximately ¥17.03 million, slightly down from ¥18.28 million in Q3 2019, a decrease of about 6.8%[54] - Sales expenses for Q3 2020 were approximately ¥106.73 million, down from ¥118.12 million in Q3 2019, a decrease of about 9.8%[54] - The income tax expense for the third quarter of 2020 was CNY 43,448,966.63, compared to CNY 32,840,599.82 in the same quarter of 2019, representing an increase of approximately 32.2%[68] - Cash paid to employees increased to $357.57 million from $335.97 million, reflecting a rise of 6.1%[79] - Cash paid for taxes rose to $234.24 million from $189.78 million, an increase of 23.5%[79] Other Financial Metrics - The company experienced a net loss from credit impairment of approximately ¥3.65 million in Q3 2020, compared to a loss of ¥10.26 million in Q3 2019, indicating an improvement[56] - The company reported a decrease in credit impairment losses, with a reduction from RMB 10,986,492.29 to RMB 5,566,347.73[27] - The company experienced an 80.87% decrease in asset disposal income, dropping to RMB 245,980.48 due to fewer fixed asset disposals[27] - The company reported a significant increase in other payables, rising by 35.71% to RMB 11,803,587.85[32]